QPOWER launches state of-the-art Global Coil Factory in Sangli
The new facility is envisioned to be one of the world's largest production plants for air-core and oil filled reactors, equipped with 44 advanced winding lines and a world-class high-voltage testing laboratory. As part of the company's commitment to sustainability, the factory is being constructed in line with the Indian Green Building Council (IGBC) Platinum certification, positioning it among the most environmentally responsible manufacturing hubs globally.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
08-08-2025
- Business Standard
Quality Power Electrical spurts on Abu Dhabi order win, strong Q1 results
Quality Power Electrical Equipments rose 4.90% to Rs 816.35 after securing an order worth about Rs 34.75 crore from Abu Dhabi Transmission Company, a leading utility in the UAE. The order includes the supply of both dry-type and oil-filled shunt reactors, engineered using the company's proprietary Dry-Q technology. The equipment will be manufactured and delivered over the next year from Quality Power's global manufacturing hub in Sangli, India. This order strengthens Quality Power's reputation as a trusted partner in the UAE, a region where the company has successfully delivered coil products up to 230kV, including for the prestigious UAE HVDC interconnection project. The company announced its Q1 June 2025 results on Thursday, 7 August 2025. On a consolidated basis, its net profit stood at Rs 37.1 crore in Q1 FY26, up 11% year-on-year and 21.5% higher sequentially. Total revenue were Rs 194.1 crore, marking a 143.6% increase over Q1 FY25 and a 49.4% rise compared with Q4 FY25. PBT came in at Rs 44.3 crore, up 8.8% year-on-year and 24.4% quarter-on-quarter. EBITDA was Rs 31 crore, up 31.6% over the year-ago quarter and 90.4% sequentially. EBITDA margin stood at 17.5% in Q1 FY26, compared with 38.4% in Q1 FY25 and 15% in Q4 FY25. As of June 2025, the companys order backlog exceeded Rs 775 crore, contributed by Quality Power Equipments, Endoks, and Mehru. Quality Power Electrical Equipments specializes in high-voltage power equipment and advanced power quality solutions. The company serves both utilities and industries in their pursuit of grid stability, operational efficiency, and network reliability.
Business Standard
07-08-2025
- Business Standard
Quality Power Electrical Equipments consolidated net profit declines 22.88% in the June 2025 quarter
Sales rise 187.72% to Rs 176.72 croreNet profit of Quality Power Electrical Equipments declined 22.88% to Rs 24.14 crore in the quarter ended June 2025 as against Rs 31.30 crore during the previous quarter ended June 2024. Sales rose 187.72% to Rs 176.72 crore in the quarter ended June 2025 as against Rs 61.42 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 188 OPM %17.5438.36 -PBDT47.1341.04 15 PBT44.2940.49 9 NP24.1431.30 -23 Powered by Capital Market - Live News
Time of India
29-07-2025
- Time of India
MeitY wants tariff shield for electronics exports
Academy Empower your mind, elevate your skills India wants its fledgling electronics exports, dependent largely on the US markets for overseas earnings, to be treated differently from Washington-bound shipments from established global players, such as those based in China and Southeast Asia, when the Oval Office fixes tariffs for these product of electronics, lately undergirded by federal financial support in India, would require a relatively favourable tariff landscape to fill US retailing shelves against competition from established exporters from mainland China, Vietnam, Taiwan and Malaysia, said an official from the Ministry Electronics and Information Technology (MEITY)."The US is the largest destination for not only our overall electronics sector, but also for a range of individual electronic products,' said the official cited above. 'The large-scale production of many of these are now kicking in, due to government support over the past few years. It is crucial they don't face tariff barriers at this point, and we have communicated that to the Commerce Department."India's commerce ministry is at the vanguard of the ongoing Washington-New Delhi talks that would shape the final tariff landscape for bilateral trade. The MEITY official said it made the request to the commerce ministry for helping shield Indian electronics from the applicable continental tariffs dragnet during the recent inter-ministerial talks on the trade 2024, the United States imported a combined $478 billion of electrical machinery and electronics, according to the Observatory of Economic Complexity, an online repository of global trade data begun as a research project at the Massachusetts Institute of Technology. China (26.1 percent), Mexico (18 percent), Vietnam (8.8 percent), Taiwan (6.7 percent), and Malaysia (5.9 percent) made up the largest share of sectoral exports. Meanwhile, India was the 9th largest source of shipments, with a 3 percent a last-minute postponement, as was the case in early July, the US will levy 26% average tariffs on all goods imported from India beginning August 1, over and above a 10 percent baseline tariff imposed on most ' reciprocal tariffs ' initially announced by US President Donald Trump on April 2 would especially hit Indian electronics exports, which have historically had much lower or nil tariffs, officials said."While smartphones, computers, and semiconductors were temporarily exempted from the tariffs, the US had threatened separate, sector-specific tariffs on these until last month," said the official cited to the Commerce Department data, US-bound electronic exports stood at $15.89 billion in 2024-25, up 43.5 percent from $11.08 billion in the preceding year. Within this, smartphones and telecom instruments made up the largest chunk of exports at $10.56 billion, up from $5.56 billion in 2023-24. Smartphone exports shot up 89 percent in FY25, after rising 158 and 210 percent in FY24 and FY23, government is especially concerned about the second largest export sub-category within electronics, components, which tanked 32.7 percent to $1.81 billion in 2024-25, down from $2.69 billion in 2023-24. This is mostly due to a 43.85 percent slump in the export of photovoltaic cells (PVC) assembled in modules, or made up into panels, due to rising domestic production in the US, increasing competition by Chinese producers as well as increasing scrutiny of shipments from India and South East Asian countries at US ports to stop circumvention of Chinese goods, officials instruments exports stood at $1.4 billion, rising 12.10 percent from $1.25 billion in the preceding year. Also, computer hardware of $154.08 million was exported to the US, rising 51 percent from $101.5 million in 2023-24. Another area where the government hopes to raise exports is consumer electronics, which fell 5.3 percent in the latest year to $115 million.
